U.S. bankers are favorably disposed to a European plan to help South Korea resolve its short-term debt problems, according to U.S. banking sources familiar with negotiations.

One source said French bank Societe Generale proposed converting some outstanding South Korean debt into floating-rate notes after that debt is rolled over.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.